The Congressional Budget Office has estimated that Obama’s policies would lead to deficits averaging nearly $1 trillion over the next decade.
The chance that the majority Democrats will pass a budget this year is “fading,” Senate Budget Committee Chairman Kent Conrad (D-N.D.) said Tuesday.
He is pessimistic because House Democrats don’t know whether they want to pass a resolution that would officially acknowledge the certainty of big deficits.
21 May 2010
Congress Can't Face Their Deficit Mess
The Hill: Next year's budget sinking in deep red ink